Green Finance Taskforce report

sustainability-bubble-newThe Green Finance Taskforce published a significant (100 page) report on 28 March.

The report, which aims to help accelerate ‘green finance’ in the UK ,  can be downloaded here.

The government landing page introduces the report as follows:

“In September 2017, the government asked leading finance expert and former Mayor of London Sir Roger Gifford to chair an independent taskforce to accelerate growth of green finance and the UK’s low carbon economy.

The Green Finance Taskforce report sets out a series of recommendations on how the government and the private sector can work together to make green finance an integral part of our financial services. These include:

  • boosting investment into innovative clean technologies
  • driving demand and supply for green lending products
  • setting up Clean Growth Regeneration Zones
  • improving climate risk management with advanced data
  • building a green and resilient infrastructure pipeline
  • issuing a sovereign green bond”

The GFI (Green Finance Initiative) , of which this is a part, introduces this welcome and significant (particularly to investors!) report as follows:

The Green Finance Taskforce report, “Accelerating Green Finance” calls on Government to consolidate the UK’s position as a world-leading hub for green finance.

The report, suggests that the creation of a new Green Finance Institute will act as a ‘one-stop-shop’ for all work relating to the sector – from international engagement to green fintech, climate and data science.

Accelerating Green Finance in the UK report

It also recommends that Government should issue a green sovereign bond to help fund a number of national green projects, including the UK’s flood defence and resilience.

The global low carbon transition will redefine the UK economy. From the largest infrastructure projects to the fabric of our homes, the transition creates a huge opportunity for the UK to lead the world in cutting emissions while driving growth. The UK’s status as host to a world-leading financial services centre means that the UK has the chance to seize the economic opportunities that green finance offers…  read more

 

 

 

Full URL:

https://www.gov.uk/government/publications/accelerating-green-finance-green-finance-taskforce-report

A briefing on the report and its 30 recommendations was sent to all members and is now available on the UKSIF website.